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08 JUNE 2022 AL CIRCLE

US aluminium scrap exports to India in 1Q2022 record a drop of 13.87% to halt at 105,000 tonnes

EDITED BY : SARNALI CHAKRABORTY 2MINS READ

According to the USGS data, the United States exported a total of 105,000 tonnes of aluminium scrap to India in 1Q2022, which on a Y-o-Y calculation recorded a drop of 378,000 tonnes or 78.26 per cent from 483,000 tonnes in 1Q2021. On the M-o-M forefront, the amount of aluminium scrap exported to India by the United States reflected a fluctuating movement.

US aluminium scrap exports to India in 1Q2022 record a drop of 13.87% to halt at 105,000 tonnes

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As per the USG data, in March 2022, 9,990 tonnes of aluminium scrap were exported to India by the United States, which on an M-o-M basis plunged by 1,610 tonnes or 13.87 per cent from 11,600 tonnes in February 2022. On the other hand, in February 2022, a growth of 300 tonnes was recorded from 11,300 tonnes in January 2022. The United States exported 9,990 tonnes of aluminium scrap to India in March 2022, which on a Y-o-Y calculation dropped majorly by 19,710 tonnes or 66.36 per cent from 29,700 tonnes in March 2021.

Outlook For The Indian Aluminium Industry

As per the USGS data, in 4Q2021, the United States exported a total of 147,600 tonnes of aluminium scrap to India. In October, the amount of aluminium scrap exported to India halted at 56,400 tonnes which on an M-o-M forefront expanded by 7,500 tonnes or 15.33 per cent from 48,900 tonnes in November 2021. In November 2021, a surge of 6,600 tonnes or 15.60 per cent was recorded from 42,300 tonnes in December 2021.


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EDITED BY : SARNALI CHAKRABORTY 2MINS READ

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